LANXESS Aktiengesellschaft / Key word(s): Restructure of Company
24.07.2014 16:00
Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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LANXESS Board of Management initiates Group-wide restructuring program
Cologne - As part of the realignment of LANXESS, the Board of Management
has initiated a Group-wide restructuring program at its board meeting
today. Talks about planned measures resulting from the program are now
being held with the Supervisory Board and employee representatives.
Administrative structures and decision-making processes are to be
streamlined. Customer and market orientation in the business units will be
further improved.
At the beginning of May, as part of the publication of the first quarter
2014 results, LANXESS already announced that it is developing measures to
reduce costs and increase competitiveness. LANXESS will provide detailed
information about the restructuring program during the second half of this
year.
Cologne, July 24, 2014
Forward-Looking Statements
This news release may contain forward-looking statements based on current
assumptions and forecasts made by LANXESS AG management. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future results, financial situation,
development or performance of the company and the estimates given here. The
company assumes no liability whatsoever to update these forward-looking
statements or to conform them to future events or developments.
24.07.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: LANXESS Aktiengesellschaft
Kennedyplatz 1
50569 KÃ¶ln
Germany
Phone: +49 (0)221 8885-0
Fax: +49 (0)221 8885-4944
E-mail: ir@lanxess.com
Internet: www.lanxess.com
ISIN: DE0005470405
WKN: 547040
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, DÃ¼sseldorf, Hamburg, Hannover, MÃ¼nchen, Stuttgart;
TerminbÃ¶rse EUREX
End of Announcement DGAP News-Service
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